10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-030255`
Period End Date	20160331
Filing Date	20160428
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	mlp-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 40 Cash Flow Statement 26 Stockholders Equity 16 Comprehensive Income 2

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$194.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$319.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$772.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$973.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $319 and $194 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.53M	USD	Point-in-time
Accounts receivable, less allowance of $319 and $194 for doubtful accounts	`AccountsReceivableNetCurrent`	$2.22M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$131.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$208.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.93M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.87M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.87M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.93M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$920.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$262.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.05M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$69.06M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$69.13M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$37.10M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.61M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$32.52M	USD	Point-in-time
Net property	`PropertyPlantAndEquipmentNet`	$31.95M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$9.31M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$8.74M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.62M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.69M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$11.00M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$10.36M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$46.60M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$46.36M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$40.56M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$40.56M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$675.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$871.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$396.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$204.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$378.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$378.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$443.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$473.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$645.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$754.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.36M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$727.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.58M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$10.25M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$10.25M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.36M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.40M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$811.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$768.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$125.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$216.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$13.51M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$13.68M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 18,928,927 and 18,867,768 shares issued and outstanding	`CommonStockValue`	$77.95M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 18,928,927 and 18,867,768 shares issued and outstanding	`CommonStockValue`	$77.63M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.25M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-69.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-70.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-28.41M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-28.67M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-11.72M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-15.67M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-15.18M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIENCY	`LiabilitiesAndStockholdersEquity`	$46.60M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIENCY	`LiabilitiesAndStockholdersEquity`	$46.36M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Real estate	`SalesOfRealEstate`	$112.00K	USD	1 Quarter
Real estate	`SalesOfRealEstate`	$168.00K	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.61M	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.42M	USD	1 Quarter
Utilities	`UtilityRevenue`	$847.00K	USD	1 Quarter
Utilities	`UtilityRevenue`	$817.00K	USD	1 Quarter
Resort amenities and other	`SalesRevenueServicesNet`	$346.00K	USD	1 Quarter
Resort amenities and other	`SalesRevenueServicesNet`	$450.00K	USD	1 Quarter
Total operating revenues	`Revenues`	$2.79M	USD	1 Quarter
Total operating revenues	`Revenues`	$2.98M	USD	1 Quarter
Real estate	`CostOfRealEstateSales`	$300.00K	USD	1 Quarter
Real estate	`CostOfRealEstateSales`	$168.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$712.00K	USD	1 Quarter
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$532.00K	USD	1 Quarter
Utilities	`UtilitiesOperatingExpense`	$612.00K	USD	1 Quarter
Utilities	`UtilitiesOperatingExpense`	$631.00K	USD	1 Quarter
Resort amenities and other	`CostOfServices`	$213.00K	USD	1 Quarter
Resort amenities and other	`CostOfServices`	$197.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$754.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$582.00K	USD	1 Quarter
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$549.00K	USD	1 Quarter
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$380.00K	USD	1 Quarter
Depreciation	`Depreciation`	$495.00K	USD	1 Quarter
Depreciation	`Depreciation`	$558.00K	USD	1 Quarter
Pension and other postretirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$76.00K	USD	1 Quarter
Pension and other postretirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$284.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$3.75M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$3.29M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-496.00K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-777.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-581.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-597.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.36M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.09M	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-253.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-211.00K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-882.00K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-1.10M	USD	1 Quarter
--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
--BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$243.00K	USD	1 Quarter
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-63.00K	USD	1 Quarter
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$16.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-16.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$600.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Debt and common stock issuance cost and other	`PaymentOfFinancingAndStockIssuanceCosts`	$285.00K	USD	1 Quarter
Debt and common stock issuance cost and other	`PaymentOfFinancingAndStockIssuanceCosts`	$236.00K	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-236.00K	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$315.00K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$558.00K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-315.00K	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$772.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$973.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$772.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$973.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$547.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$420.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$150.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$30.00K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.72M	USD	Point-in-time
Balance	`StockholdersEquity`	$-15.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$-15.18M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$675.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$556.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$236.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$285.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-253.00K	USD	1 Quarter
Other comprehensive income - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-211.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.09M	USD	1 Quarter
Balance	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.72M	USD	Point-in-time
Balance	`StockholdersEquity`	$-15.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$-15.18M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.